SECURITIES AND EXCHANGE COMMISSION
Washington, D. C. 20549
SCHEDULE l3D
Under the Securities Exchange Act of 1934
(Amendment No. 1)
LIBERTY BANCORP, INC.
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(Name of Issuer)
Common Stock, par value $1.00 per share
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(Title of Class of Securities)
529905101
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(CUSIP Number)
with a copy to:
Jeffrey S. Halis Eli S. Goldberg, Esq.
500 Park Avenue Lowenstein Sandler PC
Fifth Floor 65 Livingston Avenue
New York, New York 10022 Roseland, New Jersey 07068
(212) 378-0879 (973) 992-8700
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(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
July 24, 1998
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(Date of Event which Requires Filing of this Statement)
If the filing person has previously filed a statement on Schedule l3G to report
the acquisition which is the subject of this Schedule 13D, and is filing this
schedule because of Rule 13d-1(b)(3) or (4), check the following box. [ ]
Note: Six copies of this statement, including all exhibits, should be filed with
the Commission. See Rule l3d-1(a) for other parties to whom copies are to be
sent.
*The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities, and
for any subsequent amendment containing information which would alter
disclosures provided in a prior cover page.
The information required on the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the Securities Exchange Act of
1934 ("Act") or otherwise subject to the liabilities of that section of the Act
but shall be subject to all other provisions of the Act (however, see the
Notes).
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1) Names of Reporting Persons (S.S. or I.R.S. Identification Nos. of
Above Persons):
Jeffrey S. Halis
________________________________________________________________________________
2) Check the Appropriate Box if a Member of a Group (See Instructions):
(a) Not
(b) Applicable
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3) SEC Use Only
________________________________________________________________________________
4) Source of Funds (See Instructions): WC
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5) Check if Disclosure of Legal Proceedings is Required Pursuant to
Items 2(d) or 2(e):
Not Applicable
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6) Citizenship or Place of Organization:
United States
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Number of 7) Sole Voting Power: 249,500*
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Shares Beneficially 8) Shared Voting Power: 0
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Owned by
Each Reporting 9) Sole Dispositive Power: 249,500*
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Person With: 10) Shared Dispositive Power: 0
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11) Aggregate Amount Beneficially Owned by Each Reporting Person:
249,500*
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12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See
Instructions):
Not Applicable
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13) Percent of Class Represented by Amount in Row (11): 6.4%*
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14) Type of Reporting Person (See Instructions): IA
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* 111,300 shares (2.9%) of Liberty Bancorp, Inc. common stock are owned by
Tyndall Partners, L.P., a Delaware limited partnership. 55,400 shares
(1.4%) of Liberty Bancorp, Inc. common stock are owned by Tyndall
Institutional Partners, L.P., a Delaware limited partnership. 16,900 shares
(0.4%) of Liberty Bancorp, Inc. common stock are owned by Madison Avenue
Partners, L.P., a Delaware limited partnership. 65,900 shares (1.7%) of
Liberty Bancorp, Inc. common stock are owned by Halo International, Ltd., a
company organized under the laws of the Cayman Islands. Pursuant to the
Agreement of Limited Partnership of each of Tyndall Partners, L.P., Tyndall
Institutional Partners, L.P., and Madison Avenue Partners, L.P. and the
Investment Management Agreement of Halo International, Ltd., Jeffrey S.
Halis possesses sole voting and investment control over all securities
owned by each of Tyndall Partners, L.P., Tyndall Institutional Partners,
L.P., Madison Avenue Partners, L.P., and Halo International, Ltd.,
respectively. See Item 5 for further information on the computation of
percentages set forth herein.
<PAGE>
Item 5. Interest in Securities of the Issuer.
Based upon the information set forth in Liberty Bancorp, Inc.'s
quarterly report dated June 30, 1998, as of June 30, 1998 there were issued and
outstanding 3,901,374 shares of common stock of Liberty Bancorp, Inc. As of July
24, 1998, Tyndall Partners, L.P. owned 111,300 of such shares, or 2.9% of those
outstanding, Tyndall Institutional Partners, L.P. owned 55,400 of such shares,
or 1.4% of those outstanding, Madison Avenue Partners, L.P. owned 16,900 of such
shares, or 0.4% of those outstanding, and Halo International, Ltd., owned 65,900
of such shares, or 1.7% of those outstanding. Jeffrey Halis possesses sole power
to vote and direct the disposition of all shares of common stock of Liberty
Bancorp, Inc. owned by each of Tyndall Partners, L.P., Tyndall Institutional
Partners, L.P., Madison Avenue Partners, L.P., and Halo International, Ltd. The
following table details the transactions by each of Tyndall Partners, L.P.,
Tyndall Institutional Partners, L.P., Madison Avenue Partners, L.P., and Halo
International, Ltd., in shares of common stock of Liberty Bancorp, Inc. since
the most recent filing on Schedule 13D (each of which were effected in ordinary
brokers transactions):
A. Tyndall Partners, L.P.
Date Quantity Price
(Purchases)
July 29, 1998 4,500 $11.25
(Sales)
NONE
B. Tyndall Institutional Partners, L.P.
Date Quantity Price
(Purchases)
July 16, 1998 4,500 $11.62
July 21, 1998 4,500 $11.56
July 24, 1998 3,900 $11.40
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(Sales)
NONE
C. Madison Avenue Partners, L.P.
Date Quantity Price
(Purchases)
July 16, 1998 1,500 $11.62
July 21, 1998 1,500 $11.56
(Sales)
NONE
D. Halo International, Ltd.
Date Quantity Price
(Purchases)
July 16, 1998 4,000 $11.62
July 21, 1998 4,000 $11.56
July 22, 1998 10,000 $11.50
July 23, 1998 2,200 $11.40
July 24, 1998 3,900 $11.40
(Sales)
NONE
Signature
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After reasonable inquiry and to the best of the undersigned's
knowledge and belief, the undersigned hereby certifies that the information set
forth in this statement is true, complete and correct.
September 1, 1998
/s/ Jeffrey S. Halis
________________________________
Jeffrey S. Halis, as a general
partner of Halo Capital
Partners, L.P., the general
partner of each of Tyndall
Partners, L.P., Tyndall
Institutional Partners, L.P.,
and Madison Avenue Partners,
L.P.
/s/ Jeffrey S. Halis
________________________________
Jeffrey S. Halis, as a member of
Jemi Management, L.L.C., the
Investment Manager for Halo
International, Ltd.
ATTENTION: INTENTIONAL MISSTATEMENTS OR OMISSIONS OF FACT CONSTITUTE FEDERAL
CRIMINAL VIOLATIONS (SEE 18 U.S.C. 1001).
